Lakeway, NY -- (SBWIRE) -- 03/01/2013 -- ThePennyStockProfiler.com, an investment community with a special focus on updating investors with recent news on the U.S. stock market, issues news alert on the following stocks:-
Wireless Ronin Technologies, Inc. (NASDAQ:RNIN) shares plunged 15.19% to $3.60. The company this week reported financial results for the fourth quarter and fiscal year ended December 31, 2012. Revenue in the fourth quarter of 2012 increased 5% to $1.6 million from $1.5 million in the same year-ago period. Net loss in the fourth quarter of 2012 totaled $1.2 million or $(0.24) per basic and diluted share, an improvement from a net loss of $1.7 million or $(0.41) per basic and diluted share in Q4 2011.
Is RNIN a Strong After The recent price Movement? Let’s Find out Here
EntreMed Inc (NASDAQ:ENMD) stock fell 14.24% to $2.53 after the company today announced that it has received commitments from investors, including institutional investors Kleiner Perkins Caufield Byers China Fund II, L.P. and IDG-Accel China Growth Fund III L.P. to purchase approximately $10.7 million of securities in a registered direct offering. EntreMed expects to receive net proceeds of approximately $10.3 million after deducting agent's fees and other offering expenses. EntreMed has agreed to sell an aggregate of 4,495,833 shares of its common stock and warrants to purchase 2,247,917 shares of its common stock. Each unit, consisting of one share of common stock and a warrant to purchase 0.5 share of common stock will be sold for a purchase price of $2.40.
Is ENMD a Strong Buying Opportunity After The Recent Slump? Find out Here
Youku Tudou Inc (ADR) (NYSE:YOKU) stock decreased 6.57% to $19.05 after the company yesterday posted fourth quarter net loss of RMB 113.57 million or $18.2 million, narrower than pro forma combined net loss of RMB 198.47 million or $31.9 million in the year-ago period. Loss per ADS narrowed to RMB 0.69 or $0.11 from RMB 1.23 per ADS in the prior-year period. Adjusted net loss for the quarter was RMB 62.25 million or $10 million, compared to pro forma combined adjusted net loss of RMB 174.64 million or $28 million in the prior-year quarter. Net revenue for the fourth quarter grew 30 percent to RMB 635.83 million or $102.06 million from pro forma combined net revenues of RMB 489.35 million a year ago.
Is YOKU Signaling a Buy Signal After The recent Volatility? Let’s Find out Here
SandRidge Energy Inc. (NYSE:SD) shares fell 3.51% to $5.49 after the company yesterday reported a net loss of $301.79 million or $0.63 per share for the fourth quarter, narrower than $388.60 million or $0.97 per share in the prior-year quarter. Adjusted net income for the quarter was $35.29 million or $0.06 per share. Analysts expected the company to report breakeven per share results for the fourth quarter. Total revenues for the quarter soared to $1.34 billion from $373.84 million in the same quarter last year, and significantly topped analysts' consensus estimate of $551.11 million.
Is SD a Strong Buying Opportunity After The Recent Gain? Find out Here
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